Dell**DELL Technologies — Technical View: Bearish Bias Building**
It appears to be transitioning from a strong impulsive uptrend into a distribution phase following its recent all-time high.
*CMP: $434.97*
Dell registered an all-time high of $469.47 on 1st June, followed by a **bearish tweezer top** formation on 2nd June, with the second candle closing at $469.19 — a classic reversal signal at elevated levels. Since this formation, the stock has struggled to sustain those highs, reinforcing the c
Tweezer Tops
Tweezer Top A tweezers topping pattern occurs when the highs of two candlesticks occur at almost exactly the same level following an advance.
Like many other candlestick patterns, tweezers occur quite frequently.
Tweezers are more meaningful as part of other trends, especially pullbacks.
Script = Lupin
Time Frame = 1 Day
SAIL can go up if it beats latest Tweezer TopThe fib retracement drawn between the low on 19th April’21 and hight on 10th May’21 says it can retrace to 135 and then 150 levels.
But now it has formed a Tweezer Top pattern in the daily charts .
Levels to watch out for are 121.05 and 113.35-116.5, which are respected since 2007 and 2011 respectively. If they are breached downwards then those who are holding should be cautious.
Those who want to engage safely should wait till it goes up above 126.
If that happens, then target 1 should be 1
TWEEZER TOP - NIFTY - BEARISH REVERSAL ON CARDS TWEEZER TOP DESCRIPTION
>> BEARISH PATTERN, IDENTIFYING A RESISTANCE LEVEL
>> 2 OR MRE CANDLES WITH THE HIGH POINT ACHIEVING THE SAME LEVEL
>> CANDLES CAN BE EITHER COLOUR
PSYCHOLOGY
THE UPPER EXTREME OF THE SHADOW REPRESENTS AN AREA F RESISTANCE.
BULLS WERE NOT WILLING TO BUY ABOVE THIS PRICE, SO THE BEARS RETURNED IN FORCE
TO DRIVE THE PRICE BACK DOWN.
THE TWEEZER TOP FORMS WHEN 2 OR MORE CANDLE'S UPPER SHADOWS FORM AT THE SAME LEVEL,
CONFIRMING THE STRENGTH OF THIS RESISTANCE
AND THE












